Jascon 18, a new deepwater construction vessel has been arrested in Singapore over a dispute with a local shipyard. Sea Trucks Group, vessel’s former owner, issued a statement to clarify that the vessel was sold to new independent owners in March 2015, when the vessel was still under construction in Singapore.
“On 7th January 2016, Jascon 18 was arrested on behalf of a shipyard in Singapore, which has been reported by some industry news media. This shipyard had worked on construction of the vessel until November 2015, at which point the vessel sailed following completion of the yard’s work,” Sea Trucks Group (Sea Trucks) said.
“Sea Trucks considers the arrest to be without merit, having arisen out of a dispute between a Group subsidiary company and the shipyard,” the statement said. “Sea Trucks is providing the vessel’s owners with its full support in seeking the vessel’s prompt release.
“Sea Trucks will remain in close dialogue with its subcontractors to ensure the final completion works can be carried out on the vessel as soon as possible. This arrest in no way affects Sea Trucks’ ability to pay contractors.”
